Leidos Holdings Inc is a leading defense, aviation, information technology, and biomedical research company that delivers innovative solutions to its customers in government and commercial sectors
The company specializes in providing advanced technology services and products, including cybersecurity, data analytics, and systems integration, to support various missions ranging from national security to public health. With a strong commitment to research and development, Leidos leverages its expertise to enhance operational efficiency and effectiveness for its clients, addressing complex challenges through engineering and technological advancements.
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Truist lowered the firm's price target on Leidos to $165 from $185 while keeping a ‘Buy’ rating on the shares. Baird lowered its price target on Leidos to $176 from $190 while keeping an ‘Outperform’ rating on the shares.
Revenue rose 10% year-over-year to $4.37 billion compared to a Wall Street estimate of $4.13 billion, according to FinChat. This was driven by strong demand across all customer segments, especially for managed health services.
Defense contractor Leidos (NYSELDOS) announced better-than-expected revenue in Q4 CY2024, with sales up 9.7% year on year to $4.37 billion. The company’s full-year revenue guidance of $17.1 billion at the midpoint came in 0.8% above analysts’ estimates. Its non-GAAP profit of $2.37 per share was 4.3% above analysts’ consensus estimates.
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Leidos Holdings reported strong Q4 results, with revenue up 10% and adjusted EPS up 19%. Backlog at $43.6B and net bookings at $7.6B. Stock up 25% in 12 months.
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Shares of defense contractor Leidos (NYSELDOS)
fell 7.5% in the morning session after peer, CACI, reported fourth-quarter earnings results, with markets increasingly worried that new cost-cutting initiatives by the US government would affect Defense contracts. Although CACI reported a strong quarter with revenue, EBITDA, EPS ahead of Wall Street's expectations as well as a statement that they're well on their way to meet the three-year financial targets unveiled during the November 2024 Investor Day, the market became fearful of the impact of DOGE during the earnings call Q&A session.
